SHIB has recently followed the market trend and has been declining. Meme coins as a whole are also dropping. It seems that during this time towards the end of the year, most assets in the cryptocurrency sector are in the red. Even the world's largest cryptocurrency, Bitcoin, has fallen below the $100,000 mark. SHIB and other cryptocurrencies have also been struggling during this period.
Let's take a look at SHIB's specific situation; its current trading price is $0.00002167, and it has fallen by 2.23% in the last 24 hours. The monthly return rate is also negative, reaching 20%. However, although the short-term performance is poor, the long-term annual growth rate for SHIB is quite high at 106%, and last year it even surged to a high of $0.00004534. Nevertheless, compared to its all-time high of $0.00008845, it has still dropped significantly, by 75%.
Although the price is falling, Shiba Inu's chief developer Shytoshi Kusama has brought exciting news, stating that a game called 'Lap Dogs' is about to be released. He mentioned that this game will be a new highlight in the Web3 gaming industry. The Shiba Inu team plans to venture into the Web3 gaming market with the release of this game.
Regarding future price predictions, according to CoinCodex data, by 2025, SHIB's trading price may fluctuate between $0.00001782 and $0.00009306, with an average annual price of $0.00003609. If this prediction comes true, the return on investment could be 327.75% compared to the current price. As for January 2025, the highest trading price for SHIB is expected to reach $0.00004582.
In summary, SHIB has recently been declining along with the market, but there are still opportunities in the long run. Whether it will continue to decline or start to rebound in January 2025 will depend on market performance.
